Feeds

Telia to buy Sonera

Nordic/Baltic telecoms giant

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Telia, Sweden's biggest telco, is to buy Sonera, its counterpart in Finland, through a stock swap. The deal represents a premium of approx 16 per cent for Sonera shareholders, based on yesterday's closing prices of the two firms.

Telia shareholders will own 64 per cent of the merged entity, while Sonera will own 36 per cent.

Headquarters will be in Stockholm and the primary stock market listing will be in Sweden. Secondary listings will be sought in Finland and the US. The companies say the deal is supported by their respective governments.

The combined company will be the biggest telco in the Nordic and Baltic regions with 8.1 million mobile customers and 7.6 million fixed line customers, while "associated companies... are expected to have 14.6 million mobile and 1.2 million fixed line subscribers".

Pro Forma group revenues are EUR9bn and there will be 34,000 employees. But how many after the merger? The companies are targeting annual savings of EUR300m. ®

Sonera press release

Providing a secure and efficient Helpdesk

More from The Register

next story
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.